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Miscellaneous

Quik Mart

4611 N Flowing Wells Rd, Tucson, AZ 85705

Listing Price: $1,230,182

Cap Rate
5.80%
Tenant Name
Quik Mart
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,250
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.71

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Quik Mart located at 4611 Flowing Wells Road, in Tucson, Arizona. The site consists of roughly 2,250 rentable square feet of building space on estimated 0.22-acre parcel of land. This Quik Mart is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $71,351 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $1,230,182

Cap Rate
5.80%
Tenant Name
Quik Mart
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,250
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.71

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Quik Mart located at 4611 Flowing Wells Road, in Tucson, Arizona. The site consists of roughly 2,250 rentable square feet of building space on estimated 0.22-acre parcel of land. This Quik Mart is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $71,351 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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